Dallas deal #59K at closing.

[Ab Okoeguale]

Hi House.

I came across a distressed 10plex 2bed 2 bath deal in dallas and the lender told me to come with $59K at closing .The property is listed for $700K and Rehab estimated at $345K ,he's willing to lend me $1.2M .. at 6% interest. The property could generate $20K a month gross. What is your take on this ,I am confused..How do I cash flow??